Boise State News February 25, 2021
Qiping (Jimmy) Huang
Qiping (Jimmy) Huang, an assistant professor in the Department of Finance, and co-author Meimei Lin from Georgia Southern University gave a presentation at the virtual 2020 JEEM-Edinburgh-Shanghai Climate and Development Conference in December, 2020. Huang and Lin presented their paper “How Climate Risk Beliefs Shape Corporate Social Responsibility?” The paper examines how local climate risk beliefs affect firms’ decision making in corporate social responsibility (CSR) commitment.
“We find that firms’ environmental, social and governance (ESG) scores are higher if they are located in the counties where more people believe in global climate change,” said Huang. “We use natural disasters as exogenous shocks to the beliefs about climate risk, and continue to find a positive association between CSR and perceptions of climate risk and we found the correlation between CSR and climate risk beliefs is stron
February 22, 2021
Critics claim environmental regulations hurt productivity and profits, but the reality is more nuanced, according to an analysis of environmental policies in China by a pair of Cornell economists.
The analysis found that, contrary to conventional wisdom, market-based or incentive-based policies may actually benefit regulated firms in the traditional and “green” energy sectors, by spurring innovation and improvements in production processes. Policies that mandate environmental standards and technologies, on the other hand, may broadly harm output and profits.
“The conventional wisdom is not entirely accurate,” said Shuyang Si, a doctoral student in applied economics and management. “The type of policy matters, and policy effects vary by firm, industry and sector.”
Environmental policies not always bad for business, study finds eurekalert.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from eurekalert.org Daily Mail and Mail on Sunday newspapers.
China s January foreign direct investment (FDI) data has shown that the country remained an attractive destination for foreign investors following a record-breaking inflow in 2020.
FDI into the Chinese mainland expanded 4.6 percent year on year in actual use to 91.61 billion yuan last month, the Ministry of Commerce (MOC) said on Wednesday.
Foreign investment in the services industry came in at 68.46 billion yuan in January, up 11 percent year on year and accounting for 74.7 percent of the country s total FDI, according to the MOC.
Wholesale and retail trade sectors saw FDI climb 27.2 percent year on year during the period, and the accommodation and catering industries saw a 71.5 percent surge.
With China s gross domestic product having crossed the 100 trillion yuan ($15.46 trillion) threshold in 2020, more cities have made their own substantial strides in economic output.
Despite the COVID-19 pandemic, China added six new cities with GDPs of over 1 trillion yuan last year, taking the total number of such cities in the country to 23.
The trillion-yuan benchmark is often perceived as a notion of economic prowess. Shanghai was the first city in China to hit the mark in 2006.
The cities achievements highlighted the resilience and sustainable vitality of the Chinese economy, and spearhead the country s high-quality development for the 14th Five-Year Plan (2021-25) period, according to experts.